SUBSIDIARY COMPANIES - ITC Ltd

STATEMENT OF PROFIT AND LOSS FOR THE YEAR ENDED 31ST MARCH, 2012
I. Revenue from Operations
Note No. 31st March, 2012
(`)
31st March, 2011
(`)
Revenue from Sale of Services (Gross)
Less : Taxes (Service tax and Luxury tax)
57,97,69,049
5,73,24,351
57,04,81,111
4,34,70,627
Revenue from Sale of Services (Net)
Other Operating Revenue
52,24,44,698
75,66,747
52,70,10,484
52,44,199
Revenue from Operations (Net) 20 53,00,11,445 53,22,54,683
II. Other Income 21 4,65,66,243 2,81,20,928
III. Total Revenue (I+II)
Expenses:
57,65,77,688 56,03,75,611
Cost of materials consumed
Employee Benefit Expense
Depreciation and Amortization Expense
Other Expenses
22
23
10
24
6,41,73,818
10,77,07,354
3,49,81,547
25,08,21,612
6,19,50,321
9,71,44,358
3,56,59,372
23,71,63,219
IV. Total Expenses 45,76,84,331 43,19,17,270
V. Profit before tax (III-IV) 11,88,93,357 12,84,58,341
VI. Tax Expense:
(a) Current Tax
[Net of ` 27,07,501/- (Previous Year : ` Nil) on account of
reversal of tax liability pertaining to earlier years)
2,62,92,499 3,75,00,000
(b) Deferred Tax (13,61,933) (16,42,098)
VII. Profit/(Loss) for the period (V-VI) 9,39,62,791 9,26,00,439
VIII. Earning Per Equity Share 25
(a) Basic 3.92 3.86
(b) Diluted 3.92 3.86
Summary of Significant Accounting Policies
Notes are an integral part of these financial statements
2
This is the Statement of Profit and Loss referred to in our Report of even date.
For Lovelock & Lewes
Chartered Accountants
Firm Registration Number : 301056E
Sunit Kumar Basu
Partner
Membership Number : 55000
Place: Gurgaon
Date : 27th April, 2012
SRINIVASA RESORTS LIMITED
CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST MARCH, 2012
A. CASH FLOW FROM OPERATING ACTIVITIES
NET PROFIT BEFORE TAX
ADJUSTMENT FOR:
Depreciation
Interest on Deposits
Loss on Fixed Assets sold/discarded
Dividend from Investments
Liability no longer required written back
Provision for Doubtful Debts/Bad Debts Written Off
31st March, 2012
(`) (`)
11,88,93,357
3,49,81,547
(1,32,82,683)
4,82,624
(2,90,38,221)
(16,41,916)
3,27,717 (81,70,932)
31st March, 2011
(`) (`)
12,84,58,341
3,56,59,372
(81,49,906)
60,47,258
(1,98,13,756)
(36,60,275)
6,22,506 1,07,05,199
OPERATING PROFIT BEFORE WORKING CAPITAL CHANGES
ADJUSTMENT FOR
Trade Receivables
Inventories
Other Receivables
Trade Payables
Other Payables
30,73,426
(13,09,553)
(24,81,928)
71,33,163
(3,06,395)
11,07,22,425
61,08,713
23,22,695
33,94,976
(15,87,925)
88,60,952
4,77,485
13,91,63,540
1,34,68,183
CASH GENERATED FROM OPERATIONS
Income Tax Paid
11,68,31,138
(1,27,59,021)
15,26,31,723
(3,57,23,600)
NET CASH FROM OPERATING ACTIVITIES 10,40,72,117 11,69,08,123
B. CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets
Sale of Fixed Assets
Purchase of Current Investments
Sale/Redemption of Current Investments
Interest on Deposits
Dividend from Investments
(4,20,22,059)
2,43,268
(3,12,90,32,262)
3,08,47,41,556
1,04,12,939
2,90,38,221
(1,28,23,745)
68,121
(2,58,33,43,606)
2,52,96,16,381
81,25,353
1,98,13,756
NET CASH USED IN INVESTING ACTIVITIES (4,66,18,337) (3,85,43,740)
C. CASH FLOW FROM FINANCING ACTIVITIES
Dividends paid
Dividend distribution tax paid
(4,80,00,000)
(79,72,200)
(4,80,00,000)
(81,57,600)
NET CASH USED IN FINANCING ACTIVITIES (5,59,72,200) (5,61,57,600)
NET INCREASE IN CASH AND BANK BALANCES 14,81,580 2,22,06,783
OPENING CASH AND BANK BALANCES 14,67,84,177 12,45,77,394
CLOSING CASH AND BANK BALANCES
CASH AND BANK BALANCES COMPRISE:
14,82,65,757 14,67,84,177
Cash and Cash Equivalents 60,04,205 1,85,65,942
Other Bank Balances
This is the Cash Flow Statement referred to in our Report of even date.
Note:
14,22,61,552 14,82,65,757 12,82,18,235 14,67,84,177
1. The above Cash Flow Statement has been prepared under the ‘Indirect Method’ as set out in the Accounting Standard - 3 on Cash Flow Statements
2. Previous Year’s Figures have been regrouped and/or rearranged wherever considered necessary to conform to those of current year.
For Lovelock & Lewes
Chartered Accountants
Firm Registration Number : 301056E
Sunit Kumar Basu
Partner
Membership Number : 55000
Place: Gurgaon
Date : 27th April, 2012
On behalf of the Board
Gunupati Sivakumar Reddy Chairman
George Verghese Managing Director
Hemanshi Khanna Secretary
On behalf of the Board
Gunupati Sivakumar Reddy Chairman
George Verghese Managing Director
Hemanshi Khanna Secretary
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